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Americas Gold and Silver Corporation T.USA

Alternate Symbol(s):  USAS

Americas Gold and Silver Corporation is a Canada-based precious metals mining company with multiple assets in North America. The Company owns and operates the Cosala Operations in Sinaloa, Mexico, manages the 60%-owned Galena Complex in Idaho, United States, and is re-evaluating the Relief Canyon mine in Nevada, United States. The Company also owns the San Felipe development project in Sonora, Mexico. The 100%-owned Cosala Operations are located in the state of Sinaloa, Mexico and consist of about 67 mining concessions that cover approximately 19,385 hectares (ha). The 60% owned Galena Complex is located in Idaho’s Silver Valley. The Relief Canyon Mine is located in Pershing County, Nevada. The project encompasses an open pit mine and heap leach processing facility. Its landholdings cover approximately 25,000 acres, which include the Relief Canyon Mine asset and lands surrounding the mine in all directions. The San Felipe silver-zinc-lead project is located in Sonora, Mexico.


TSX:USA - Post by User

Post by elmacanuckon Feb 24, 2009 2:32pm
764 Views
Post# 15800273

US Silver share price

US Silver share priceI talked with IR last week and asked the same question about share price.(CFO in canada office )

His answer was exactly this : 

There was some promises made by past management that were not  realistic or met. ( market lost confidence)

The mine took more money and longer to get up to speed than  predicted,,,,,,,( alot of maintenance items over looked)

But in final said they are now  well on there way to improving all these  Bumps in the road and are on there way to recovery  .......

They are trying to get  back shareholder  trust and confidensce ..........and doing all they possibly can to hit and exceed all forecasts put out for production numbers.....,,,,,,,

I think they are doiong a good Job personally ,,,,,Hope they keep it up ......

thats all the info I know,,,,,,,

elmacanuck

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